ETF promoters in Europe experienced estimated net inflows of EUR3.8 billion for March, which meant that assets under management in the European ETF industry increased over the course of March to EUR1,334.1 billion.
Bond ETFs (+EUR2.4 billion) posted the highest estimated net inflows in the European ETF industry for March. The best-selling Lipper global classification for March was Equity Global (+EUR2.1 billion), followed by Equity US (+EUR2.1 billion) and Bond USD Government (+EUR1.9 billion).
iShares was the best-selling ETF promoter in Europe for March (+EUR4.8 billion), ahead of Amundi ETF (+EUR2.0 billion) and Invesco (+EUR1.4 billion). The 10 best-selling funds gathered estimated net inflows of EUR6.5 billion for March.
The best-selling ETF for March, iShares Core S&P 500 UCITS ETF USD (Acc), accounted for net inflows of EUR1.2 billion.
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, says: “Despite the current situation in Ukraine, March 2022 was another positive month for the European ETF industry since promoters enjoyed inflows. These inflows occurred in a volatile market environment in which investor sentiment was impacted by increasing inflation rates, geopolitical tensions and the still ongoing COVID-19 pandemic in Europe and other parts of the world. The performance of the underlying markets led in combination with the estimated net inflows to increasing assets under management (from EUR1,307.1 billion as of February 28, 2022, to EUR1,334.1 bn at the end of March).”